Guideline Value for NEW BLOSSOM

New Blossom guideline value

The current guideline value of New Blossom, located in Thirumazhisai village under the Poonamallee SRO, is Rs 1,800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of New Blossom has changed

According to the register, there are no figures for New Blossom for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,800 per sq.ft for both the 2023 and 2024 revisions, showing no change between these two years.

The most recent revision in 2024 maintains the figure of Rs 1,800 per sq.ft, which is consistent with the previous year's value. This reflects stability in the guideline value for New Blossom over the last two years.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing New Blossom's 2024 figure above the median.

• Nedunsalai mani's cafes Atheekenaru: Rs 1,100 per sq.ft (2024)
• Nallaiththontheru: Rs 1,100 per sq.ft (2024)
• Muthuraja 3rd street: Rs 1,100 per sq.ft (2024)
• Muthuraja 2nd street: Rs 1,100 per sq.ft (2024)
• Palm Tree Shanthi Avenue Phase 2: Rs 730 per sq.ft (2024)
• Palm Tree Shanthi Avenue Phase 3: Rs 730 per sq.ft (2024)

Stamp duty and registration fee for property in New Blossom

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers New Blossom?

The Sub Registrar Office covering New Blossom is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thirumazhisai

The guideline value is a crucial factor in property transactions in Thirumazhisai, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value in their area, as it impacts the overall cost of property transactions. The registration process relies on this value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of New Blossom?

The current guideline value of New Blossom is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for New Blossom has remained at Rs 1,800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Thirumazhisai?

The median guideline value for streets in Thirumazhisai is Rs 1,320 per sq.ft. New Blossom's guideline value is above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,62,000.

Where can I find the Sub Registrar Office for New Blossom?

The Sub Registrar Office for New Blossom is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find additional information by visiting the provided link.